STEEL AUTHORITY OF
INDIA LIMITED,
REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003 |
| Unaudited Financial Results
for the Quarter ended on 30th June, 2007 |
Rs / Million |
| S.No. |
Particulars |
Quarter ended |
Previous accounting
year ended |
30th
June 2007
(Unaudited) |
30th
June 2006
(Reviewed) |
31st March
2007
(Audited) |
| 1. |
Gross sales/ Income from operations
|
92060.60 |
86952.80 |
402917.50 |
| |
Less : Excise Duty |
11665.90 |
11330.20 |
52655.40 |
2
|
Net sales / Income from operations |
80394.70 |
75622.60 |
350262.10 |
3
|
Interest Earned |
2870.00 |
|
7526.00 |
4
|
Other Income
|
199.30 |
79.50 |
866.10 |
| 5 |
Total Income ( 2+3+4 )
|
83464.00 |
77135.30 |
358654.20 |
| |
|
|
|
|
| 6 |
Expenditure |
| (a) |
Increase(-)/Decrease in stock-in-trade |
-8450.80 |
-7495.40 |
-2465.20 |
| (b) |
Consumption of Raw Materials |
29907.90 |
28745.60 |
122621.10 |
| (c) |
Staff cost
|
14480.90 |
11867.10 |
50874.20 |
| (d) |
Consumption of stores & spares
|
7343.20 |
6163.40 |
26054.90 |
| (e) |
Power & Fuel
|
6740.30 |
6324.20 |
25788.40 |
| (f) |
Other Expenditure |
6544.40 |
6632.70 |
26118.50 |
| |
Total Expenditure
( a to f )
|
56565.90 |
52237.60 |
248991.90 |
| 7 |
Profit before Depreciation
,
Interest & Tax ( 5-6 )
|
26898.10 |
24897.70 |
109662.30 |
| 8 |
Interest
|
796.40 |
936.70 |
3321.30 |
| 9 |
Depreciation
|
3011.90 |
2958.80 |
12114.80 |
| 10 |
Profit before tax ( 7-8-9 ) |
23089.80 |
21002.20 |
94226.20 |
| 11 |
Provision for Taxation
|
|
|
|
| (a) |
Current Tax
|
7723.50 |
8221.00 |
32991.20 |
| (b) |
Fringe Benefit Tax
|
68.00 |
60.90 |
264.80 |
| (c) |
Deferrred Tax Liability / Assets ( - )
|
47.10 |
-1143.80 |
-718.00 |
| (d) |
Earlier years
|
0.00 |
0.00 |
-334.70 |
| |
Sub-Total ( a to d ) |
7838.60
|
7138.10 |
32203.30 |
| |
|
|
|
|
12
|
Net Profit after Tax
( 10-11 ) |
15251.20 |
13864.10 |
62022.9013 |
| 13 |
Paid up Equity Share Capital
( Face value : Rs. 10 per share )
|
41304.00 |
41304.00 |
41304.00 |
| 14 |
Reserves (excluding revaluation reserve ) & surplus |
|
|
131827.50 |
| 15 |
Earnings per share - Basic and Diluted
( Not Annualised )
( Rupees )
|
3.69 |
3.36 |
15.02 |
| |
( Not Annualised ) ( Rupees )
|
|
|
|
16
|
Aggregate of public share holding
|
|
|
|
| - |
No. of shares
|
58,47,86,010 |
58,40,51,325 |
58,41,63,425 |
| - |
Percentage of share holding
|
14.16 |
14.14 |
14.15 |
Notes :
| (i) |
The above results for the quarter ended 30th June, 2007 were
taken on record at the Board of Directors’ meeting held
on 25th July, 2007. |
| (ii) |
Net sales/income from operations for the quarter ended 30th
June, 2006, included Rs.558.17 crores, for the earlier periods,
consequent to the effect of price escalations finalised with
a major customer. |
| (iii) |
The information on Investors’ complaints pursuant to
clause 41 of the listing agreement for the quarter ended 30th
June 2007 : |
| Opening Balance |
Received during the quarter |
Resolved during the quarter |
Closing balance |
| 1 |
14 |
14 |
1 |
| (iV) |
Figures for the previous periods have been regrouped, wherever
necessary. |
|
| On behalf of Board of Directors
|
Place: New Delhi
Dated: 25th July, 2007 |
(Soiles Bhattacharya)
Director (Finance) |